Inversion Ensemble Inc
Nonprofit profile at a glance
- EIN
- 854314611
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Austin, TX, USA
- Phone
- 5129107203
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Singing, Choral
Reported finances
- Revenue
- $74,904
- Expenses
- $76,966
- Assets
- $5,627
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Jonathan Riemer (President)
People named in this filing
- Trevor Shaw (Artistic Director)
- Katrina Saporsantos (Administrative Director)
- Jonathan Riemer (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Commissioning and performing new choral music
What it reported doing in 2024
Opera Austin Festival, a one-day festival or local and regional opera organizations, composers, and singers to showcase compelling performances of works written by living composers. Inversion presented the premiere of The Guardian Angel by Trevor Shaw. Presented on Saturday, November 16, 2024 at KMFA Draylen Mason Studio, Austin TX.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.5%; rating input score 46
- Program expense ratio: 44.3%; rating input score 44
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.8%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 24.9%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -20.9% per year; rating input score 0; 17th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 25.9% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 45.5% of revenue deployed · 44.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $34K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Financial Efficiency: Program expense ratio scored 44/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 7/100.